The Inefficiency Of Capitalism

Instead of engaging in the usual moralistic leftist critique of capitalism, this pamphlet tackles the subject head on, on its own turf – economics – and demolishes the common belief that ‘capitalism delivers the goods’. Sheppard does this through close consideration of 10 of the most outstanding inefficiencies of capitalism – things such as manufacture of false desires, product duplication, cost-shifting, systemic unemployment, waste of unsold goods, and the inefficiency of hierarchies. Through this analysis, Sheppard shows that, given the labor and resources at hand, capitalism is a horribly wasteful system that produces a pitifully small amount of useful goods and services.